01-20-2013 05:11 PM - edited 01-20-2013 05:12 PM
No, the only individuals who are act risk of being sued are the names and socials on the contract. If you have a co-signer on the loan that is in default, this is more reason to settle. As they will likely suffer the brunt of the damage. Since co-signers often have better credit, and are further along in life and have more assests to go after.
01-21-2013 01:27 PM
thanks. now i will need to check what i need to do. since i have 12 loans for sallie me. 11 of them were cosigned by the same person & one was cosigned by a different person & now sallie mae has both cosignes forl all 12 loans. which one of them is defaulted.